Not to much news in Bitcoin or Ethereum today.

Ethereums updates are still looking good on the new blockchain and bitcoin really has no new updates today which I thought would be a good day to look at a quick history lesson.

A 3 month history and the growing upward trend in bitcoin price.

August

When August came we where seeing a steady increase in bitcoin price price in prior months up to nearly 3k this was our highest point ever at the time and was quickly sold off due to uncertain times with bitcoins first big public forking which converted into what is now known at bitcoin cash.

Bitcoin cash holds steady now at about $300 - $400 and in my own opinion is a total junk coin that still seems to want to hang around for some reason.

September

After the hardfork takes place people now have access to the same amount of bitcoin cash (If their wallet supported it) It seems like nearly half or more of bitcoin cash is still in limbo and people are unable to access it or don't have the know how on how to access it. Free money for some right?

Price of bitcoin smashes the $3,000 mark and continues upwards into the $5,000 mark which it hits and then corrects to about $3,500

October

A new hard fork is now known and possibly fuels the market mid October which sends bitcoin smashing past the $5,000 mark and nearly hitting $6,000 before a correction in which we are currently in.

Take away

The trend for bitcoin has continued to grow and fuel it. Even with sell offs and uncertainty bitcoin continues to have a major upward push. In just 3 months time we have gone from low $2,000 to nearly $6,000 a 300% which pushes us to 100% increase month after month even during one of the rockiest times for bitcoin.

From these trends and continued push bitcoin looks like it should be at roughly $7,000 stable by years end and as some predict major adoption 2018 and possible clean updates to the block chain could send it soaring to $20,000 + This is my bet and why I am holding long on bitcoin at the moment.

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